Buyers are trying to keep the initiative despite pressure from sellers.
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DOGE/USD
The DOGE rate has increased by 0.75% in the past 24 hours.
Picture by TradingView
On the hourly chart, the DOGE rate is heading towards resistance after a false break of support at $0.06547. In addition, the volume is on the rise, which confirms the power of the bulls. In this case, the breakout of the $0.06677 mark may be a prerequisite for a breakout in the $0.06750 area.
Picture by TradingView
On the daily time frame, DOGE price is also more bullish than bearish as the rate did not decline after a false break of the recently formed level at $0.06677. If the close happens nearby, the upside is set to continue to the $0.068 area next week.
Picture by TradingView
On the larger chart, DOGE has yet to enter a medium-term uptrend as the rate remains below the vital level at $0.07. In this case, there is still a chance to see a local correction.
Overall, the price is far from key levels, meaning sideways trading in the $0.064-$0.068 area is the most likely scenario through the end of the month.
DOGE is trading at $0.06665 at press time.
